As stated in Federal Loan Guidelines, the actual loan amount you are eligible to receive for an academic year is determined by your school and may be less than the maximum annual amounts shown in the chart below:

Grade Level

Degree Applicable Hours Completed

Loan Limits

Students in Year 1

0 – 29 credit hours

$3,500

Students in Year 2

30 – 64 credit hours

$4,500

Annual Additional Unsubsidized Stafford Loan limits are:

Dependent Students in Year 1 or Year 2

$2,000

Independent Students in Year 1 or Year 2

$6,000

Life Time loan limits for 4-Year Bachelor’s Degree Undergraduate students:
Dependent = $31,000 (no more than $23,000 can be subsidized)
Independent = $57,500 (no more than $23,000 can be subsidized)

Black Hawk College can only process loans at Year 1 or 2 levels. Loans cannot be processed if prior loan debt is over the Year 1 or 2 maximum.

Beginning July 1, 2013, Federal regulations for new borrowers limit the maximum time period that a student can receive Direct Subsidized loans to 150% of the published length of the program of study. New borrowers are encouraged to meet with an Academic Advisor to make sure you are in the correct major.